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Added: 3 months 3 weeks ago
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KACITA launches savings scheme for its members
The Kampala City Traders (KACITA) Uganda Provident Fund scheme has been launched, targeting Shs1 billion in savings from traders each month.

The Kampala City Traders (KACITA) Uganda Provident Fund scheme has been launched, targeting Shs1 billion in savings from traders each month.

At least 100,000 traders are expected to save a minimum of Shs10,000 shillings per month in a pool which they can access only after 5 years.

The scheme is registered and supervised by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be managed by Stanlib as the fund manager and Housing Finance Bank as the custodian.